Comment Re:Crazy (Score 2, Interesting) 778
The automation at least gives the benefit of hiring engineers, but far less engineers are hired than the large number of low wage workers who are fired.
You know, we could solve all these problems with unconditional basic income sufficient to live tolerably on. Then we could remove minimum wage entirely and appreciate automation as liberator of humanity from toil rather than fearing it as a threat. At the same time, it would smooth out the boom-bust cycle by guaranteeing a level of economic demand.
Our current model of employment is an artifact of Industrial Era, and is quickly becoming obsolete in our post-Industrial one, which is the ultimate cause of our economic problems.
The jobs lost overseas are just lost. And not only low wage jobs are lost, because as the cost of living increases on the engineers then those jobs start to go away as well.
So basically, if you work for a living, you're screwed.